Silver Lake Says It’s Working on Offer to Buy Endeavor Group (1)

Silver Lake Management, the private equity group, is considering making a takeover bid for Endeavor Group Holdings Inc., the talent agency and entertainment company behind World Wrestling Entertainment and Ultimate Fighting Championship.

Silver Lake, which holds a 71% voting stake in Endeavor, said in a statement late Wednesday that it “firmly believes in Endeavor’s business.”

The statement followed Endeavor’s announcement that it’s weighing strategic options for its businesses, which includes its original talent-management business, combat sports like WWE and a variety of other assets including Professional Bull Riders. Silver Lake’s co-chief executive officer, Egon Durban, is chairman ...